BBSB vs. SHY
Compare and contrast key facts about Jpmorgan Betabuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) and iShares 1-3 Year Treasury Bond ETF (SHY).
BBSB and SHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBSB is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA US Treasury Bond (1-3 Y). It was launched on Apr 19, 2023. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002. Both BBSB and SHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBSB or SHY.
Key characteristics
| BBSB | SHY | |
|---|---|---|
| YTD Return | 4.08% | 3.99% |
| 1Y Return | 6.80% | 6.70% |
| Sharpe Ratio | 3.65 | 3.43 |
| Daily Std Dev | 1.86% | 1.95% |
| Max Drawdown | -1.57% | -5.71% |
| Current Drawdown | -0.06% | -0.07% |
Correlation
The correlation between BBSB and SHY is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBSB vs. SHY - Performance Comparison
The year-to-date returns for both stocks are quite close, with BBSB having a 4.08% return and SHY slightly lower at 3.99%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBSB vs. SHY - Expense Ratio Comparison
BBSB has a 0.07% expense ratio, which is lower than SHY's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BBSB vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Betabuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) and iShares 1-3 Year Treasury Bond ETF (SHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BBSB vs. SHY - Dividend Comparison
BBSB's dividend yield for the trailing twelve months is around 4.88%, more than SHY's 3.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBSB Jpmorgan Betabuilders U.S. Treasury Bond 1-3 Year ETF | 4.88% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.67% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% | 0.36% | 0.26% |
Drawdowns
BBSB vs. SHY - Drawdown Comparison
The maximum BBSB drawdown since its inception was -1.57%, smaller than the maximum SHY drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for BBSB and SHY. For additional features, visit the drawdowns tool.
Volatility
BBSB vs. SHY - Volatility Comparison
Jpmorgan Betabuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) and iShares 1-3 Year Treasury Bond ETF (SHY) have volatilities of 0.45% and 0.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.